basics of excise

[Rakesh Kaushik]

why branded software is taken goods and tailor made software taken as service

AI Summary

Branded Software Classified as Goods, Tailor-Made as Service Under Central Excise Laws: Key Distinction Explained A discussion on the classification of software under central excise laws explains why branded software is considered goods, while tailor-made software is regarded as a service. Branded software is mass-produced, sold off the shelf, and resembles tangible products, thus classified as goods. In contrast, tailor-made software is customized to meet specific client needs, involving a service-oriented process, and cannot be sold as a standard product. This distinction highlights the difference in how each type of software is developed and marketed.